Reportedly, Samsung Galaxy S3 Mini is expected to hit the market during Christmas and it is expected to be priced between USD 350 to USD 430.

Samsung's original Galaxy S III, unveiled in late May, has a 4.8-inch screen. Strong sales of the flagship phone helped Samsung post record USD 7.3 billion operating profit in the July-September quarter.

Despite a bruising series of patent disputes and the reputational risk of the US court defeat in August, Samsung's brand value has surged this year as it shipped more handsets and smartphones than any of its rivals.